Adjustment of Cash Book
These are the things that are adjusted in the cash book.
یہ وہ چیزیں ہیں، جو کیش بک میں ایڈجسٹ ہوتی ہیں۔
- Charges debited by bank must less from cash book.
- Charges deducted by bank must less from cash book.
- Direct deposit by debtor must add in cash book.
- Direct deposit by customer must add in cash book.
- Interest received must add in cash book.
- Interest credited must add in cash book.
Adjustment of Pass Book
These are the things that are adjusted in the Pass book.
یہ وہ چیزیں ہیں، جو پاس بک میں ایڈجسٹ ہوتی ہیں۔
- Unpresented cheques must less from pass book.
- Uncredited cheques must add in pass book.
Q1. On 31st December 2018 the Cashbook of Nadeem Bros., showed a bank balance of Rs.5,000/-. This did not agree with the pass book balance due to the following:
1. Cheques had been issued for Rs5,200/- out of which Cheques worth Rs.2,000/- only were presented for payment.
2. Cheques worth Rs.700/- were paid into bank on December 29, but had not been credited by the bank. One cheque for Rs.250/- was entered in the cashbook on December 30, but was banked on 3rd January 2018.
3. A cheque from Mujahid for Rs.200/- was paid in on December 26, but was dishonored and memo was received on 2nd January 2018.
4. Pass book showed bank charges Rs. 10/- debited by the bank. It also showed Rs.400/- collected by the bank as interest.
5. One of the debtors deposited a sum of Rs.250/- in the account of the firm on December 20, intimation in the respect was received from the bank on 4th January 2018.
6. The payment side of the cashbook was undercast by Rs.150/-.
7. Dividend amounting to Rs.200/- was received directly by the bank.
Required: Prepare a Bank Reconciliation Statement as on 31-12-2018.
| Particulars | Amount (Rs.) |
|---|---|
| Balance as per Cash Book | 5,000 |
| Unpresented cheques (Rs.5,200 - Rs.2,000) | 3,200 |
| Cheques deposited but not yet credited (Rs.700 + Rs.250) | (950) |
| Dishonored cheque from Mujahid | (200) |
| Bank charges | (10) |
| Interest collected by bank | 400 |
| Direct deposit by debtor | 250 |
| Cash Book undercast (payment side) | (150) |
| Dividend received directly by bank | 200 |
| Balance as per Pass Book | 7740 |
Q2. On 31st December 2018 the Cashbook of Nadeem Bros., showed a bank balance of Rs.5,000/-. This did not agree with the pass book balance due to the following:
1. Cheques had been issued for Rs5,200/- out of which Cheques worth Rs.2,000/- only were presented for payment.
2. Cheques worth Rs.700/- were paid into bank on December 29, but had not been credited by the bank. One cheque for Rs.250/- was entered in the cashbook on December 30, but was banked on 3rd January 2018.
3. A cheque from Mujahid for Rs.200/- was paid in on December 26, but was dishonored and memo was received on 2nd January 2018.
4. Pass book showed bank charges Rs. 10/- debited by the bank. It also showed Rs.400/- collected by the bank as interest.
5. One of the debtors deposited a sum of Rs.250/- in the account of the firm on December 20, intimation in the respect was received from the bank on 4th January 2018.
6. The payment side of the cashbook was undercast by Rs.150/-.
7. Dividend amounting to Rs.200/- was received directly by the bank.
Required: Prepare a Bank Reconciliation Statement as on 31-12-2018.
| Particulars | Amount (Rs.) | Particulars | Amount (Rs.) |
|---|---|---|---|
| Balance as per Cash Book | 5,000 | Balance as per Pass Book | 7740 |
| Unpresented cheques (Rs.5,200 - Rs.2,000) | 3,200 | Unpresented cheques (Rs.5,200 - Rs.2,000) | (3,200) |
| Cheques deposited but not yet credited (Rs.700 + Rs.250) | (950) | Cheques deposited but not yet credited (Rs.700 + Rs.250) | 950 |
| Dishonored cheque from Mujahid | (200) | Dishonored cheque from Mujahid | 200 |
| Bank charges | (10) | Bank charges | 10 |
| Interest collected by bank | 400 | Interest collected by bank | (400) |
| Direct deposit by debtor | 250 | Direct deposit by debtor | (250) |
| Cash Book undercast (payment side) | (150) | Cash Book undercast (payment side) | 150 |
| Dividend received directly by bank | 200 | Dividend received directly by bank | (200) |
| Balance as per Pass Book | 7,740 | Balance as per Cash Book | 5000 |
Q3. A trader has two Bank Accounts- A/c No. 1 and A/c No. 2. The following particulars relating to A/c No.1 are available on 31st March, 2018.
i. Pass Book balance (overdraft) Rs. 30,000.
ii. Cheques drawn prior to 31st March but not presented as yet Rs. 8,000.
iii. Cheques paid into the bank on 31st March, 2018 but not yet credited Rs. 14,000.
iv. Interest debited by the bank but not entered into the Cashbook as yet Rs. 800.
v. Transfer from A/c No. 2 to A/c No. 1 recorded by the bank on 31st March, but not entered in the CashbookRs. 6,000.
vi. Bank charges debited by the bank but not recorded into the Cashbook as yet Rs. 20.
vii. One outgoing cheque for Rs. 700 was recorded twice into the Cashbook.
Required: Prepare a Bank Reconciliation Statement as at 31st March, 2018
| Particulars | Amount (Rs.) |
|---|---|
| Overdraft as per Pass Book | (30,000) |
| Cheques drawn but not yet presented | (8,000) |
| Cheques paid into the bank but not yet credited | 14,000 |
| Interest debited by the bank not entered in Cash Book | 800 |
| Transfer from A/c No. 2 recorded by bank but not in Cash Book | (6,000) |
| Bank charges debited but not recorded in Cash Book | 20 |
| One outgoing cheque recorded twice in Cash Book | (700) |
| Overdraft as per Cash Book | (29,880) |
Q4. From the following particulars, prepare a Bank Reconciliation Statement of Mr. Khalid as of 30th April 2018 with the help of a revised Cashbook.
a) Balance as per Cashbook Rs.50000/-.
b) Balance as per Bank Statement Rs.60000/-.
c) Cheques amounting to Rs.16000/- were deposited into the bank out of which only cheques amounting to Rs.10000/- were credited up to 30th April 2018.
d) Out of cheques for Rs.12000/- issued in April, only cheques amounting to Rs.7000/- were presented for payment.
e) Mr Humza directly deposited an amount of Rs.11200/-.
f) The bank credited Interest Rs.500/- into the account.
g) Bank charges of Rs.700 that appeared in the bank statement were not recorded in the cashbook.
| Particulars | Cash Book | Pass Book |
|---|---|---|
| Balance | 50,000 | 60,000 |
| Uncredited cheques (16,000 - 10,000) | - | 6000 |
| Unpresented cheques (12,000 - 7,000) | - | (5000) |
| Direct Deposit | 11,200 | - |
| Interest credited | 500 | - |
| Bank Charges | (700) | - |
| Reconcile Balances | 61,000 | 61,000 |
Q5. Prepare a Bank Reconciliation Statement of M/S Fawad as on 31 May, 2022 from the following given information.
a) Balance as per pass book Rs.181,500/-.
b) Cheque for Rs.9,000/- and Rs.20,700 were deposited but not credited.
c) Cheque for Rs.20,400/- and Rs.10,950/- were issued but not presented.
d) A cheque for Rs.4500/- had been dishonored.
e) Bank had charged Rs.500/- as service Charges.
Bank Reconciliation Statement of M/S Fawad as on 31 May, 2022
| Particulars | Pass Book |
|---|---|
| Balance | 181,500 |
| Uncredited cheques (9000 + 20700) | 29,700 |
| Unpresented cheques (20400 + 10950) | (31,350) |
| Dishonored cheque | 4,500 |
| Bank Charges | 500 |
| Reconciled Balance | 184,850 |
Q6. Prepare a Bank Reconciliation Statement of M/S Anwer as on 31 May, 2021 from the following given information.
a) Balance as per pass book Rs.21,500/-.
b) Cheque for Rs.900/- and Rs.2700 were deposited but not credited.
c) Cheque for Rs.400/- and Rs.950/- were issued but not presented.
d) A cheque for Rs.450/- had been dishonored.
e) Bank had charged Rs.50/- as service Charges.
Bank Reconciliation Statement of M/S Fawad as on 31 May, 2022
| Particulars | Pass Book |
|---|---|
| Balance | 21,500 |
| Uncredited cheques (900 + 2700) | 3600 |
| Unpresented cheques (400 + 950) | (1350) |
| Dishonored cheque | 450 |
| Bank Charges | 50 |
| Reconciled Balance | 24,250 |
Q7. The following facts relate to the business of Zaheer, a client of yours who required you to reconcile the Bank Passbook balance with his Cashbook Balance:
a) Balance as per Cashbook (overdraft) Rs.800/-.
b) Un-presented cheques Rs.1440/-.
c) Un-credited cheques Rs.1200/-.
d) In addition, you ascertain the following:
i) A cheque for Rs.200/- paid to Mohsin has been entered in error in cash column.
ii) Bank commission of Rs.80/- has not been entered in the cashbook.
iii) The debit side of the cashbook (Book Column) has been under-cast by Rs.500/-.
Bank Reconciliation Statement of Zaheer
| Particulars | Cash Book | |
|---|---|---|
| Balance | (800) | |
| Unpresented cheques (400 + 950) | 1440 | |
| Uncredited cheques | (1200) | |
| Cheque entered in cash column | 200 | |
| Bank commission | (80) | |
| Debit side of the cashbook | 500 | |
| Reconciled Balance | 60 |
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